While the US Constitution made the US a large free trade zone, prohibiting states from erecting trade barriers against each other, it also empowered the central government to erect tariffs on goods imported from outside the country.
You May Also Like
Editor's Pick
Walter Olson The Electoral College is out of favor these days not only among scholars and commentators but also with the general public. Why...
Editor's Pick
Clark Packard The US-China relationship is the most important and complex bilateral relationship in the world today. How these two superpowers interact is a...
Editor's Pick
In this video from StockCharts TV, Julius takes a look at rotations in an asset allocation RRG. He compares fixed-income-related asset classes, commodities, the...
Editor's Pick
In this StockCharts TV video, Mary Ellen reviews the broader markets and highlights pockets of strength that are starting to trend higher. She also shares...